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$ 5,250,000
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1912 Whitley AVE Los Angeles, CA 90068
15 Beds
15 Baths
14,433 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 14,433 sqft
Price per Sqft $363
MLS Listing ID 26101725
Bedrooms 15
HOA Y/N No
Year Built 1988
Lot Size 8,036 Sqft
Property Description
Walker & Dunlop Investment Sales, Inc. (WDIS), as exclusive advisor, is pleased to present 1912 Whitley Avenue, a compelling opportunity to acquire a 15-unit, RSO-exempt multifamily community in Whitley Heights, a historic Hollywood Hills neighborhood with median home values above $1.8 million, strategically positioned between Hollywood and Universal City. The Property is offered at $5,250,000 and sits roughly 42% below the cost to build or renovate a comparable asset, creating a significant barrier to new competition at comparable rental rates. With California's $750 million film tax credit supporting a 53% year-over-year increase in approved productions, Hollywood's recovery should drive above-average rental demand and appreciation for 1912 Whitley over the investment horizon.**Please fill out the Confidentiality Agreement and email the listing agent the executed document to gain access to the OM.
Location
State CA
County Los Angeles
Area C03 - Sunset Strip - Hollywood Hills West
Zoning [Q]R4-1VL
Interior
Interior Features Elevator
Heating Central
Fireplace No
Appliance Dishwasher, Refrigerator, Dryer, Washer
Laundry Common Area
Exterior
Parking Features Assigned, Covered, Garage, Private, Tandem
Total Parking Spaces 22
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5575005010
Security Features Security Gate,Key Card Entry
Special Listing Condition Standard
Listed by Paul Darrow Paul Darrow #01700955
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